Don’t Let Headlines Scare You Out of Your Trading Plan

May 30, 2018

In the newest episode of “Trading with @chicagosean”, I riff on how headlines are designed to put us on tilt. Doesn’t matter who you are or what you do, scary headlines grab your attention and knock you out of whack.

In few places is this more dangerous than in politics or trading.

This is why I turned off FinancialTV during the financial crisis of 2008-09 and haven’t turned it back on since. It’s also why I no longer watch the nightly news (local or national) and don’t subscribe to a newspaper. It’s all filled with bad news intended to scare you into doing something outside of your own best interests.

Meanwhile, in spite of all the world’s scary headlines, global stock markets just continue plugging along, and here in the U.S. the Russell 2000 index just keeps making new all time highs — things one does not see when a Bear Market is imminent.

This leads me to the @TradeIdeas HOLLY Hot List — a mock swing trading basket I manage comprised of stocks identified by our Artificial Intelligence engine as having potential catalysts that could drive significant gains in short order. As one might expect in a bull market, our list of stocks as been performing fantastically in recent weeks. Today we saw 7 names in our list make new all-time highs. Again, things one doesn’t see in Bear Markets.

I talk about this and more in my latest podcast episode found right here: